Title:Financial contagion in networks
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Author(s):CABRALES, Antonio; GALE, Douglas; GOTTARDI, PieroDate:2015Type:Working PaperSeries/Number:EUI ECO; 2015/01Abstract:This paper provides an introduction to the literature on financial contagion in networks. In the first part, we consider contagion via transmission of shocks, i.e. an abrupt drop in the flow of revenue to one firm, which ...